Randy Koonce / Currency Chatter Conference Call Mon April 21st 2014
Highlights Posted by BCGirl at TNT:
4-21-14 Randy Koonce: All banks that deal with foreign currency will be doing the exchange. You will have all kinds of time. (Does the budget have to be done before the RV?) No.
There is nothing that has to be done before the RV. (Do I believe this is going past the elections?) No.
We are in a really good position to RV. Everything right now is lineup. The U.S., Iraq and the IMF all need to be in agreement and right now they seemed to be. We are in a very good position for before the elections.
If it goes past the election and Maliki continues to be the Prime Minister then I am not sure how long, but it could go another 2 years because that means the President and Maliki have figured out how Iraq can survive without it.
Obama doesn't want this to happen but he doesn't have the money to keep Iraq going. From now until the election the window is extremely hot.
Everything I have seen in the last 24 hours says we are done.
The LD's are in the banks in Iraq and are not on the streets.
You will not have to sign and NDA.
They have dropped the amount that it will come out at, I think between $2 and $3.
It will eventually go higher"